# Feeder cattle markets retreat as corn prices rise - CME
						 | The Beef Site

> Feeder cattle futures retreated on Friday from a contract high set Thursday, as rising corn prices temporarily reduced expectations for cheaper feed. Live cattle also weakened as boxed beef cutout prices softened and some buyers cut purchases after high prices.

- Date: 2023-03-13 · published 2023-03-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36994-feeder-cattle-markets-retreat-as-corn-prices-rise-cme-the-beef-site
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Feed is the largest input for cattle finishing, so higher corn trims expected feeder demand, while softer beef cutout pressures live cattle values. Price direction for feeders and live cattle is mixed but the broader cattle complex remains firm.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/feeder-cattle-markets-retreat-as-corn-prices-rise-cme

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.